Bharat Electronics Limited

NSE: BEL

Defence Electronics

₹377.2

+0.09%EOD · 19 Oct

Economic Moat: Defence electronics near-monopoly

India's premier defence electronics PSU, making radars, electronic warfare systems, avionics, and communication equipment for Indian armed forces. Order book of ₹60,000+ crore.

Market Cap

₹2.76 L Cr

52W Range

₹473 / ₹361

Volume

5419K

50.5% delivery

1Y Return

-7.6%

P/E Ratio

44.9

P/B Ratio

11.5

ROE

27.6%

Debt / Equity

0.27

Peers in Defence

Top 8 by market cap

Company	LTP	Market Cap	P/E	P/B	ROE %	Div Yld %
Bharat Electronics Limited(this stock)	₹377.2	₹2.76 L Cr	44.9	11.5	27.6%	0.66%
Hindustan Aeronautics LimitedHAL	₹4,959	₹3.32 L Cr	35.8	8.1	24.0%	0.92%
Mazagon Dock Shipbuilders LimitedMAZDOCK	₹2,052	₹82,774 Cr	29.5	8.7	28.8%	0.86%

Quality Score

Durability · Valuation · Momentum — objective math, not advice

52/100

Composite score: 40% quality, 30% valuation, 30% momentum

QualityStrong · 100

ValuationPoor · 20

MomentumPoor · 20

High ROE (27.6%)

Low debt (D/E ≤ 0.3)

Durable competitive moat

In confirmed downtrend (Stage 4)

Technical Indicators

Full analysis · objective math, not advice

Returns

+0.1%

+0.9%

-4.1%

-7.3%

-15.9%

-7.6%

Weinstein Stage

Stage 4 — Declining (downtrend)

RSI (14)

40 Neutral

Trend Template

1/7weak

RS vs Nifty (3M)

-2.4pp

Moving Averages (price vs MA)

20-DMA

₹383

below

50-DMA

₹397

below

150-DMA

₹412

below

200-DMA

₹417

below

From 52W High

-20.3%

From 52W Low

+4.6%

Support (20D)

₹361

Resistance (20D)

₹401

Technical indicators are objective calculations from historical EOD prices (RSI, moving averages, Weinstein stage, Minervini trend-template, relative strength). For educational reference only — not a buy/sell recommendation.

Quality Signals

Multi-year consistency · Source: Screener annual data

ROE Consistency

0/0 years ≥15%

Revenue Growth

+13.5% CAGR

Up 11 of last 11 years

Earnings Quality

Accrual-heavy (watch)

OCF / Net Profit = 0.25x · 10/12 yrs +ve cash flow

Quality signals derived from multi-year annual financials. ROE consistency = years with ≥15% return on equity. Cash-backed = operating cash flow vs reported net profit (≥1x means earnings are converted to real cash, not just accruals). Educational reference only — not investment advice.

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